Denaro is a seamless payment ecosystem aiming to bridge the divide between crypto and the mainstream market. The platform enables companies and individuals to send, spend, store, and exchange cryptocurrencies and fiat currencies through secure web wallets, physical debit cards, merchant payment terminals, and IBANs.
IBAN
An IBAN (International Bank Account Number) is an internationally accepted identification code for transactions between banks in different countries. This number helps foreign banks check the legitimacy of the account they are transacting with, as well as helping them identify the financial institution and country they are dealing with. IBAN makes cross-border payment easier and faster to process.
An estimated two billion people remain unbanked globally with no access to basic financial services. Providing financial services to these people has been identified as the key component in the movement required to advance the elimination of world poverty. Using blockchain technology, FinTech companies have been grinding away (to varying degrees of success) to reinvent banking services and eliminate entry barriers. One problem, however, continues to hold them back; this problem is liquidity.
Cryptocurrencies have exploded into the mainstream. Pioneered by Bitcoin, cryptocurrencies are transforming financial landscapes and the concept of money. However, real-world usage of these digital assets remains limited,
especially when it comes to paying for services. Most merchants remain wary of cryptocurrencies, and those who actually venture to accept them must tackle the process of deciding which cryptocurrencies to integrate –alienating users of other cryptocurrencies and limiting their potential market.
At present, cryptocurrencies are merely being viewed as vehicles for speculation, while cash and credit card remains king when it comes to functionality and physical use. Denaro is the solution that addresses this problem. Denaro is a multi-currency debit card platform that enables users to access, store, and spend their cryptocurrencies like any other debit card. We have designed and developed a blockchain-based platform where users can seamlessly utilize their cryptos for their daily activities. Through payment terminals for merchants, IBAN numbers, and API/SCI functions, Denaro will seamlessly bridge the gap between the crypto community and the traditional financial structure (and user) in the future of monetary payments.
The Denaro Solution
Denaro is a versatile payment solution that enables users to store, spend, and transfer their cryptocurrencies to an intuitive interface. Through securely developed and customizable SCI/APIs for merchant services, Denaro facilitates the payment of goods and services (online or offline) through a web wallet and physical debit card.
Denaro offers the below benefits:
For Merchants
- Securely receive payments in BTC, ETH, or DNO through customizable SCI/APIs without worrying about having to handle multiple wallet addresses.
- Instantaneous conversion of cryptos to BTC, ETH, or DNO and vice versa.
- Accept payments in fiat and instantly convert cryptocurrencies to fiat to hedge against volatility.
- Discounts and bonuses for merchants with volumes higher than $500,000, including; 1 free payment terminal and 50% off debit-card charges.
- An International Bank Account Number (IBAN) for receiving international transactions in fiat
- Personalized debit-card designs for merchants with high volumes.For Users
- Store, spend and send Bitcoin, Ethereum, and Denaro from a single user interface.
- Shop online and offline using a multi-cryptocurrency debit car No additional fees for sending cryptocurrencies outside of the Denaro wallet; only network fees apply.
- An International Bank Account Number (IBAN) for receiving international transactions in fiat.
- Personalized debit-card designs for users with high volume.
Token
Denaro aims to offer a constantly-evolving token that will always meet the demands of the users and accommodate the best features of the blockchain. This token will be known as DNO. DNO is a utility token and will drive all settlement on the network, as well as entitling holders to a wide variety of exclusive advantages, including bonuses, discounts, and merchant services on the network.
For Users:
- Increased accessibility to premium services when DNO is used frequently enough for transactions on the network.
- Discounts when paying for merchant services
- Significantly reduced transaction fees (nearing 0%)
- Bonus tokens for high-volume transactions
- Discounts on debit card top-ups
For Merchants:
- Reduced risk of volatility
- Increased liquidity in comparison to other cryptocurrencies
- Free payment terminal for high-volume transactions .A portion of the network’s transaction fees will be distributed among existing DNO holders when certain milestones are accomplished.
ICO
Denaro will launch a public Initial Coin Offering (ICO) to facilitate the development of the platform. Limited amount of DNO will be distributed during the event. Participants will be able to contribute to the event using ETH, BTC, LTC and epay.com’s fiat payment gateway.
Token Name: DNO
Total Supply: 100,000,000 DNO
Price: 3000 DNO/ETH or equivalent
Hard cap: 65,000,000
The Denaro token smart contract is programmed to mint up to 100M ERC-20 compliant tokens. The mint token function will create the designated number of tokens and transfer them to the ETH address provided. After the event, no other DNO tokens will ever be minted and all unsold tokens will be burnt.
The token contract specifications:
- Address: 0x10b35b348fd49966f2baf81df35a511c18bd1f80
- Symbol: DNO
- Decimals: 7
The Denaro token sale will offer the following bonus structure:
- The first 15 million tokens sold include a 25% bonus for both the private and public sale.
- The next 20 million tokens sold (within the 15m-35m token stage) come with a 10% bonus.
- The 25 million tokens sold within the 35m-60m token stage contain a 5% bonus.
- The final 5 million tokens (the 60-65M stage) do not award a bonus
Pre-ICO
The Denaro private sale will offer DNO tokens to early contributors and investors to expedite platform development and facilitate the launch of the main/public token sale. The offer is scheduled as follows:
- Supply: 2,500,000
- Price: 3000 DNO/ETH
- Bonus: 25%
- Duration: 7 Days
ICO
Denaro will offer the remaining 62,500,000 DNO tokens a month after the private sales. The soft cap for the main/public ICO is 10,000,000 DNO.
- Minimum Contribution: $10
- Maximum Contribution: $100,000 (for contributions larger than the maximum amount, please contact [email protected] for proper processing and bonus allocation)
- Bonus: Starting from 25% and decreasing throughout the token sale when certain milestones are hit
- Duration: 35 Days
- Referral Commission: 3%
Road Map
The Team
More Info
Website: https://denaro.io
Whitepaper: https://denaro.io/docs/Denaro_Whitepaper.pdf
Btt: https://bitcointalk.org/index.php?topic=2833302.0
Twitter: https://twitter.com/denaro_io
Facebook: https://web.facebook.com/DenaroIO?_rdc=1&_rdr
Telegram: https://t.me/denaroIO
Author: Hurricanecol
My Profile link: https://bitcointalk.org/index.php?action=profile;u=1576406
Eth Address: 0x43D58a3D64062e4E2cF6aD285c7FE3a8B25741cC
I'm really concerned that their whitepaper doesn't mention regulation at all. If this is going to touch the legitimate payment systems, there needs to be KYC and AML compliance. Am I missing anything here?
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